The market remains a bit jittery with the VIX (the market "Fear Index") slightly elevated and gold prices hitting record highs (gold feels a bit like a "meme stock" at this point). Regional banks also faced selling pressures over souring loans (but the risks seem contained / non-systemic considering post GFC regulatory environment and reserve requirements, and the Fed hinted at an October rate cut. We saw some "flight to quality" with value stocks outperforming growth over the last two weeks, perhaps threatening the months long greed as the market continues to be up big since the depths of the "Liberation Day" selloff in April. Overall, this market remains neutral to slightly greedy.
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